Bill > A08441

This bill removes post-retirement earnings restrictions for certain uniformed personnel of the New York City Department of Correction who have retired with a disability. Specifically, the legislation allows correction officers who have reached their service retirement eligibility date and are receiving disability benefits from the New York City Employees' Retirement System (NYCERS) to earn unlimited income from private sector employment without having their pension benefits suspended. Previously, these retirees were subject to a Personal Service Income (PSI) limitation, which for 2023 was $35,200 and would trigger a 12-month pension suspension if exceeded. The bill applies to Tier 3 correction members in specific retirement plans, including the Correction Officer 20-Year Plan, Correction Officer 25-Year Retirement Plan, and Correction Captain 20-Year Plan. Based on preliminary census data, approximately 538 NYCERS members with an average age of 64.9 and an average benefit of $23,100 could be impacted by this change. The legislation aims to provide more financial flexibility for retired correction officers by eliminating earnings restrictions after they would have been eligible for service retirement.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8441